India Government’s April-August Financials Position Continues To Show Healthy, Upbeat Trend: CARE Ratings
India Government’s April-August Financials Position Continues To Show Healthy, Upbeat Trend: CARE Ratings
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CARE Ratings Research Report
The Central government’s finances continued to show healthy and upbeat trend for the first five months (April-August) compared to the same period last year.
Fiscal deficit touched 31.1% of the annual target at end of August and was significantly lower than the last year’s figure of 109.3% for the same period.
Robust revenue realisation led by stronger-than-expected tax and non-tax collections coupled with calibrated expenditure so far has benefitted the government’s fiscal position.
Capital expenditure at 31% of the target also showed encouraging trend in line with the government’s push for infrastructure spending.
However, disinvestment realisations have been tepid with only 5% of the target achieved so far.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.